Last week’s trends connected with wholesale prices and conversion rates reflected how auctions, consignors, and dealers probably spent at least part of the timeframe celebrating Thanksgiving. That’s the summation from Black Book’s latest installment of Market Insights, that covered the week including time for good food enjoyed with family and friends. Analysts reported on Tuesday […] [Read More]

“Merry” is a word you hear a lot this time of year. But for Montway Auto Transport, it’s not about holiday cheer. It’s about security. The third-party logistics brokerage announced it has integrated the Ship.Cars Fraud Detection Tool — personified by Montway’s new security icon, Merry Montana — into its platform. In a news release, […] [Read More]

America’s Group has added two auction operations and extended its footprint to another state. The auction company said Monday it has acquired Jefferson Mid-State Auto Auction in Wisconsin and United Mobile Auctions in North Carolina. The latter is America’s first purchase in the Tar Heel State. Jefferson Mid-State has been renamed America’s Auto Auction South […] [Read More]

Amid “challenging market conditions” during its third quarter, ACV Auctions increased its revenue, gained market share and expanded its dealer network, said the company’s CEO George Chamoun. ACV’s revenue in the third quarter grew 16% to $199.5 million when compared to the year-ago quarter, but the company’s net loss of $24.4 million in the quarter […] [Read More]

One of the highest points in OPENLANE's overall rosy third-quarter performance was a 14% year-over-year increase in marketplace dealer sales volume. This represents the fourth consecutive quarter of double-digit-percentage volume increases in dealer-to-dealer sales for the company. This offset an expected Q3 downturn in commercial volumes. OPENLANE said during its recent earnings call that the […] [Read More]

Cox Automotive’s logistics brand, Central Dispatch, has launched its carrier scorecard, a new feature designed to help shippers make smarter, safer shipping decisions by providing critical carrier data at the point of dispatch. While noting it independently verifies each carrier that joins the platform, Central Dispatch said the new scorecard gives shippers another tools to […] [Read More]

Fraud is on the rise. In fact, the beginning of 2025 saw a sharp spike in stolen vehicle incidents across all major load boards. This surge exposed critical vulnerabilities in the industry’s ability to detect and prevent fraudulent carrier behavior before it led to financial and reputational damage. In the worst-case scenario, a fraudulent carrier […] [Read More]